Business · 1 hour ago
Thames Water seeks £2.4 billion more in loans.
Graphic: BriefTea
Thames Water, which serves 16 million customers in London and the Thames Valley, anticipates exhausting its financial reserves by late 2026 or early 2027. The creditor group London & Valley Water will vote on Thursday on lifting its funding facility to £5.4bn. According to campaigners We Own It, the interest charges alone might increase household bills by £40, a claim disputed by the creditors.
Reported by Guardian · How we write briefs